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MS SB3136
Bill
AI Summary
- Creates the Mississippi Income Tax Holiday Act of 2022, effective January 1, 2023
- Provides individual income tax filers a credit equal to 20% of their state income tax due for calendar year 2022 and subsequent years
- Credit applies to the tax amount reported on line 17 of Form 80-105 or line 20 of Form 80-205 before other credits are applied
- Credit cannot be transferred to another taxpayer or carried forward to future tax years
- Act repeals on December 31, 2024
Legislative Description
Mississippi Income Tax Holiday Act of 2022; create.
Last Action
Died In Committee
2/23/2022
Committee Referrals
Finance2/18/2022
Full Bill Text
No bill text available